Carrier Global Corp (CARR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,604,000 | 1,349,000 | 3,534,000 | 1,664,000 | 1,982,000 |
| Revenue | US$ in thousands | 22,890,000 | 21,458,000 | 21,970,000 | 20,292,000 | 18,281,000 |
| Net profit margin | 24.48% | 6.29% | 16.09% | 8.20% | 10.84% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $5,604,000K ÷ $22,890,000K
= 24.48%
Carrier Global Corp's net profit margin has shown fluctuations over the years, ranging from a low of 6.29% on December 31, 2023, to a high of 24.48% on December 31, 2024. The net profit margin indicates the company's efficiency in converting revenue into profit, with higher margins generally being more favorable.
The net profit margin was 10.84% on December 31, 2020, indicating that the company retained approximately 10.84 cents of profit for every dollar of revenue generated. However, this margin decreased to 8.20% on December 31, 2021, before experiencing a significant improvement to 16.09% on December 31, 2022, reflecting improved profitability.
The margin declined again to 6.29% on December 31, 2023, suggesting a potential decrease in profitability or higher expenses relative to revenue during that period. However, there was a remarkable recovery in profitability as the net profit margin surged to 24.48% on December 31, 2024, indicating a substantial increase in profit relative to revenue.
Overall, fluctuations in the net profit margin of Carrier Global Corp over the years suggest varying levels of efficiency in managing costs and generating profits, highlighting the importance of monitoring and analyzing financial performance metrics to assess the company's profitability and operational effectiveness.
Peer comparison
Dec 31, 2024